The market responded enthusiastically. For a brand frozen by its own infighting, the thaw came with promises of stability, transparency and value creation for shareholders. With the leadership reshuffle, brand consolidation, and a professional governance framework in place, Vadilal Industries is no longer just about scoops and cones—it’s about serious corporate reinvention. A family feud…
(Bloomberg) — Ethiopia raised 3.2 billion birr ($24 million) after selling 10% of the shares on offer in its maiden initial public offering that was open for more than four months. The nation sold 10.7 million shares in state-run Ethio Telecom for 300 birr each, the company said in a statement Friday. Ethiopia Investment Holdings,…
Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher Friday following a rally in global markets. The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,330 level, a premium of nearly 160 points from the Nifty futures’ previous…
The Securities and Exchange Board of India’s (Sebi) move follows an expert committee’s recommendations to the market regulator for well-governed entities that are expected to perform better in the long run. Compliance with laws is the baseline indicator of responsible governance. Sebi’s changes focus both on external assurance exercises on compliance as well as robust…
